The 2018 income statement and comparative balance sheet of Digital Subscriptions, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) (Click the icon to view the additional information.) Read the requirements. Requirement 1. Prepare the 2018 statement of cash flows, formatting operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Data Table Data Table Digital Subscriptions, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Digital Subscriptions, Inc. 2018 2017 Assets Income Statement Current Assets: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 100,600 Year Ended December 31, 2018 Cash Net Sales Revenue $ 437,000 Accounts Receivable Cost of Goods Sold 204,200 Merchandise Inventory $ 26,600 $ 26,800 15,000 25,600 79,000 91,900 Gross Profit Operating Expenses: 232,800 Long-term Assets: Land 34,700 9,000 Salaries Expense $ 74,400 Plant Assets 121,570 109,310 Depreciation Expense-Plant Assets 14,300 Accumulated Depreciation-Plant Assets (16,670) (15,610) 10,100 Other Operating Expenses $ 272,000 $ 235,200 Total Assets 98,800 Total Operating Expenses Liabilities Operating Income 134,000 Net Cash Provided by (Used for) Operating Activities Current Liabilities: Other Income and (Expenses): Accounts Payable Interest Revenue 8,300 Accrued Liabilities $ 35,000 $ 28,600 29,900 30,700 Interest Expense (21,900) Long-term Liabilities: Total Other Income and (Expenses) (13,600) Notes Payable 77,000 103,000 Net Income Before Income Taxes 120,400 Total Liabilities 140,600 163,600 19,800 Income Tax Expense Stockholders' Equity $ 100,600 Net Income Choose from any list or enter any number in the input fields and then click Check Answer. parts Common Stock, no par Retained Earnings 88,700 64,400 42,700 7,200 Print Done remaining Total Stockholders' Equity 131,400 71,600 $ 272.000 $ 235 200